Beyond Democratic Socialism in the form of government ownership, voucher privatization, discussed here, where every voter gets a transferable quota, representing a fraction of the total amount of cannabis to be grown that year, looks a lot like the way Alaska shares oil wealth.
PATRICK OGLESBY: SHARING THE WEALTH FROM MARIJUANA LEGALIZATION
Editor’s note: This commentary is by Pat Oglesby of Chapel Hill, North Carolina, who is the director of the nonprofit Center for New Revenue, a former chief tax counsel of the U.S. Senate Finance Committee, and an independent co-author of the RAND marijuana report for Vermont. The views presented here are only his own.
Passing a law that shares wealth may be controversial. But what if the wealth doesn’t exist unless the law is passed?
Think of the wealth a government creates when it legalizes a drug. There’s legal commerce, and legal wealth, that didn’t exist before. In a pure free marijuana market, all that previously illegal wealth would go to capitalistic businesses. In a pure state monopoly, from seed to store, it would all go to the people – or, at least to their representatives.
Between the extremes, there’s a hybrid: Continue reading Sharing Mj wealth for Vermont